Category: Info

5 events to watch out for after the fireworks

After a snooze on the Fourth of July, markets return to full action on Thursday. Five big events await traders with the best kept for last. When the US is away, the whole world is somewhat sleepy, with markets thinned out and listless on Wednesday. American and other traders will return to the action on […]

EUR/USD on the edge of the wedge, looking for a direction

The EUR/USD is not going anywhere fast on America’s Independence Day. Trade war concerns are relatively muted and EZ PMI’s were mixed. The pair is trading in a narrowing wedge. The EUR/USD is trading in the mid 1.1600s, not very different from levels seen in previous days. After Germany’s political crisis has ended, the focus returned to […]

The Aussie finished the easy part of the recovery, now comes the hard part

The AUD/USD enjoyed a better mood and upbeat Australian data to recover, but may now face substantial technical barriers. The Technical Confluences Indicator shows that the pair has a battleground around 0.7408 which is the convergence of the Fibonacci 23.6% one-month and the Simple Moving Average 5-15m. Not too far above, 0.7426 is the confluence of the potent Simple Moving Average […]

GBP/USD: Trading the UK Services PMI

The Services PMI is a closely watched economic indicator and has a considerable impact on the Pound. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The GBPUSD moved, on average, 8 pips in the 15 minutes after the data release and 30 pips in the following 4 […]